Monday, 22 April 2013

Few Crimes Found in Financial Crisis, Says Ex-JP Morgan Chase Chief Harrison


“Why haven't any bankers gone to jail for the financial crisis? 

"Maybe they didn't commit a crime. … 

There's a difference between committing a crime and using bad judgment," says William Harrison, the former Chairman and Chief Executive of JPMorgan Chase (JPM). Harrison weighed in on the renewed debate over whether banks and their employees are "too big to jail," arguing that "the notion that just because banks lost money, somebody committed a crime, is disappointing to me."

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